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Under the HO-3 policy, all open-perils are covered, with some exceptions. All of the following are perils that are excluded from an HO-3 policy, EXCEPT:

Mick learned that he has a rare disease and is not expected to live more than six months.  He has a life insurance policy with a $400,000 death benefit that he could sell in a viatical settlement for $200,000.  Mick has paid annual premiums of $2,000 per year for 15 years and has a cash surrender value of $26,000.  On what amount would Mick owe taxes if he sells his policy?

Which of the following statements is correct about paying for long-term care services?

There are various factors that influence the need for long-term care insurance. Which of the following is correct regarding these factors?  

Izn, age 48, has $200,000 of group term life insurance through his employer.  He pays $140 per year and his employer pays the remainder.  If the IRS Table 1 rates per $1,000 are $0.15 per month, what is Izn’s imputed taxable income for this coverage?

When comparing group long-term disability (LTD) with individual LTD policies, differences include all the following EXCEPT:

Scott lived in New Orleans during a recent hurricane. His home was destroyed by wind damage, and he was forced to live in a hotel for three months. Which section of his homeowners policy would reimburse him for the increased living expenses associated with the hotel stay?

Joseph participates in an employer sponsored high deductible health insurance plan which includes a health savings account (HSA).  Joseph’s company contributes the policy deductible to employees’ HSAs. Which of the following statements concerning this situation is correct?

In which of the following scenarios would the disability insurance benefits not be taxable if the individual were to be disabled?

Prompt1: (40pts): Provide details on the different groups that came over from England, and what were their motivations for doing so? Prompt2: (60pts) The Seven Years’ War, also known as the French and Indian War, would have a huge impact on future events for America. Provide details on what led to this conflict, and what were the consequences for the groups involved in this battle for the continent?